Egyptian cotton exports rose by more than 45% to 186,100 metric quintals in the first quarter of 2018/19 according to The Central Agency for Public Mobilization and Statistics (CAPMAS).
The organisation attributed the 45.1% jump to an increase in cotton production. The report covers the September to November 2018 period.
Meanwhile, total consumption of domestic cotton fell 42.2% to 25,700 metric quintals which CAPMAS attributed to production suspension by some textile factories.
The amount of ginned cotton reached 573,200 metric quintals compared with 515,900 metric quintals or an increase of 11.1%. This, CAPMAS, said was due to crop accumulation from the previous season.
Earlier this month the Cotton Egypt Association and the United Nations Industrial Development Organisation (UNIDO) announced an initiative in a bid to boost sustainability efforts and improve conditions for supply chain workers of the Egyptian Cotton brand.
The Egyptian Cotton Project will also see the partners cooperate on a pilot launch of the Better Cotton Initiative (BCI) for the first time in Egypt.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataEgyptian Cotton is widely recognised by consumers as a luxury brand. A recent US consumer survey found Egyptian Cotton was the name most people associated with quality and were prepared to pay a premium for, ahead of Pima cotton, Turkish cotton and Supima. In January, Egypt’s government said it had appointed an official steering committee to safeguard the future of the Egyptian Cotton brand after several setbacks – including a scandal that saw cheap sheets passed off as premium Egyptian cotton products.
